Fin24

Bidvest earnings expected to jump

2012-01-30 08:13

Johannesburg - The Bidvest Group [JSE:BVT] advised on Monday that for the 6 months ended December 2011, its headline earnings per share are expected to be between 35% and 40% higher than the comparative period's 539.8 cents per share, after accounting for the profit on the partial sale of the investment in Mumbai International Airport Private Limited.

Earnings per share are also expected to be between 29% and 33% higher than the comparative period's 541.7c per share, after accounting for the profit on the partial sale of the investment in Mumbai International Airport and a R96.7m impairment of the associate investment in Comair as a consequence of the decline in its share price.

Bidvest's results are expected to be published on or about February 27.